Families Were Considered Middle Class Only If They

question 70

Multiple Choice

Families were considered middle class only if they

• A)had a second home.
• B)were college-educated.
• C)did not work with their hands.
• D)owned their own horses.
• E)employed a full-time servant.

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Definitions:

Oil Prices

The cost per barrel of crude oil as determined by global supply and demand dynamics, geopolitical stability, and production decisions of oil-producing nations.

Unemployment Rate

The percentage of the labor force that is jobless and actively seeking employment.

Reaganomics

The economic policies promoted by U.S. President Ronald Reagan during the 1980s, characterized by tax cuts, reduced social spending, increased military spending, and deregulation of domestic markets.

Deregulation

The process of removing or reducing state regulations, typically in the economic sphere, to encourage more efficient and competitive markets.